Foreign exchange training: how to trade currency for beginners, reviews, automatic forex systems
10 Min Forex Wealth Builder Review
This 10 Min Forex Wealth Builder review takes a close look at the system developed by Dean Saunders.
User Feedback
The 10 Minute Forex Wealth Builder has been available for long enough to prove its worth and it is still getting great feedback on the forums from traders who are using it on both demo and real money accounts. Trading opportunities arise often enough for traders to be able to make significant profits.
What You Get
This is an instant download. You get two different trading systems (the main Breakout system and the additional Swing system) that have both been tried and tested by the developer. You are given all you need to know to operate them, with the written manuals supplemented by video tutorials including live trading videos.
How It Works
These are manual trading systems with thorough and clear instructions. We found in our 10 Min Forex Wealth Builder review that you will be advised on risk, profit aims, stops and entry signals. Analysis is price driven and not dependent on lagging indicators. The aim is to increase your account balance by a healthy 10% to 30% a month. Having two systems gives you more chances to trade.
You can operate the systems in 10 Minute Forex Wealth Builder in the evening if you have a day job. As you might guess from its name, the Breakout system in particular is very quick to implement. It is not a day trading system so you do not have to stare at the computer for hours. The point of the title is that you should only need to put in 10 minutes a day to set up your trades, once you know what you are doing. Of course you also have to give some time to understanding the system.
Once you have your entry and exit points decided, you can set them up to be automatically triggered in your brokerage account and walk away from your computer until the next day. As well as saving you a lot of time, this also has the advantage of removing the emotional element from your trading. Leaving your trades to take care of themselves, you will not be tempted to alter the settings from fear or greed. This gives you maximum profit potential from the system.
Cautions
Money management combined with a profitable system is the key to successful forex trading. For this 10 Min Forex Wealth Builder review we found that Dean Saunders covers both. Do not ignore the money management side of the system and think that you can take bigger risks than Dean proposes. Doubling your money overnight is a dream that leads to disaster. Have patience and above all, do not trade when the signal is not there.
Forex trading carries a high risk and most people who do not succeed with this system can probably put their difficulties down to bad money management. Do not skip the different steps in the training even if you think you know what you are doing. As with all systems, making small changes here and there can render the system unprofitable.
Having said that, the stop losses are sometimes a little too close to the entry point and you might want to vary these a little. Test this out in a demo account before you go live.
Level
Beginners are covered with two introductory videos that show you how to open a demo account and use the charting software. You can skip these if you are more experienced.
There is not a lot of unnecessary information. Everything relates to putting these particular systems into practice. If you want more background about forex trading, you will need to look elsewhere. But for this 10 Min Forex Wealth Builder review we found that this is very simple to put into practice without having to wade through a lot of fluff.
Support
Dean Saunders offers very good, fast email support, usually answering support emails personally.
Guarantee
The system is sold by Clickbank who offer a 100% money back guarantee for a full 8 weeks after purchase. This means that having read this 10 Min Forex Wealth Builder review you can purchase and test it out on a demo account with no risk. Simply return it if it doesn't work. But we think that if you follow the system properly, you have a very good chance of success with this forex trading system.
Get it here: 10 Minute Forex Wealth Builder
Forex Trading Made EZ Review
This Forex Trading Made EZ review will examine the system for trading on the foreign exchange currency markets developed by George C Smith.
When you order Forex Trading Made EZ you get an ebook and 12 training videos setting out the system in step by step form.
The basic structure is that you have the ebook which you can download instantly when you place your order (any time of the day or night). Inside the ebook you have the links to each video at the point where you need it. So you will see a written explanation of a chart or a technique, and there will be a link right there to a video that you can access on the internet showing you the actual action.
Strengths
The ebook is 84 pages but there are plenty of charts so there is not a huge ton of text to read and remember. This is basically one system and George Smith tells you how he trades using candlestick charts and latitude lines with the aim of increasing his bank by 5% each day.
5% each day may not sound much until you do the math. It comes out to mean that if you had no losing days, you would double your money every 17 days. In 90 days you could grow $100 to over $7,300. Of course losing days are a fact of life and if you don't accept that you will be tempted to take stupid risks, so it is better not to expect anything like that speed of growth. George Smith's point here really is that you should not be trying to make more than 5% a day.
The combination of ebook and videos is excellent. Most people's best way of learning to do something practical is to follow along with somebody else showing them, and online videos are perfect for that. But it's also good to have something you can print out on paper and refer back to quickly when you just need to check something.
Experienced forex traders will probably skim through the first few chapters of the ebook quickly and go ahead and try the system right away. Beginners should take it step by step and watch all of the videos.
One of the strongest points that I want to bring out in this Forex Trading Made EZ review is that it explains the system in the simplest way on a 'need to know' basis. There is no fluff about the history of forex trading or the relative merits of different currency pairs. It explains what you need to know to start making money with the system and that's all.
At the same time, there is a link in the introductory section to another ebook that you can download for free that will explain the theory in greater detail for those who want it.
Weaknesses
If there is one weakness it may be that complete beginners will be tempted to rush through the ebook without watching the videos. Some people who do this may be scared off by looking at the charts and techniques in later chapters which could seem complicated if they did not take time to understand what was going on in the earlier steps.
The bottom line is that to be successful with forex trading you do need to be happy looking at charts and figures and dealing with money. If the sight of a candlestick chart makes you run for the hills, you probably should not venture into the live markets at all.
On the other hand, if the first time you see a candlestick chart you are eager to find out what it means and discover patterns in the blocks of color, you could be well suited to forex trading even if you are a complete beginner right now. You will enjoy getting to grips with the system laid out in Forex Made EZ.
Just be sure to go right back to the start, watch each video as you come to it and try out every tactic step by step. George Smith is not a big fan of demo accounts but if you are just starting out with forex trading I believe you should use a demo account for this system in the very beginning just so you understand exactly how each technique works. This saves you losing money just because you misunderstood something or applied one idea the wrong way around.
Support
To receive support you must opt in to the updates notification list when you are ordering the system. Then you will have the possibility of contacting George Smith personally if you need any help or clarification.
You will receive updates with new ideas, explanations and even links to new videos from time to time. So definitely don't miss your chance to sign up for the updates list when you get Forex Trading Made EZ.
George seems to be a friendly guy who will help you out if he can. Keep in mind though that you are not dealing with a huge company here. He is just one successful trader with limited time who is not going to be online 24/7. Allow a few days to hear back from him.
The Bottom Line
Gives you one clear system in double delivery through ebook and videos. Great for beginners who are wondering where to start among all the conflicting ideas about forex on the internet. More experienced traders can pick up new ideas.
Forex Trading Made EZ review verdict: 5 stars.
Get it here: Forex Trading Made EZ
When you order Forex Trading Made EZ you get an ebook and 12 training videos setting out the system in step by step form.
The basic structure is that you have the ebook which you can download instantly when you place your order (any time of the day or night). Inside the ebook you have the links to each video at the point where you need it. So you will see a written explanation of a chart or a technique, and there will be a link right there to a video that you can access on the internet showing you the actual action.
Strengths
The ebook is 84 pages but there are plenty of charts so there is not a huge ton of text to read and remember. This is basically one system and George Smith tells you how he trades using candlestick charts and latitude lines with the aim of increasing his bank by 5% each day.
5% each day may not sound much until you do the math. It comes out to mean that if you had no losing days, you would double your money every 17 days. In 90 days you could grow $100 to over $7,300. Of course losing days are a fact of life and if you don't accept that you will be tempted to take stupid risks, so it is better not to expect anything like that speed of growth. George Smith's point here really is that you should not be trying to make more than 5% a day.
The combination of ebook and videos is excellent. Most people's best way of learning to do something practical is to follow along with somebody else showing them, and online videos are perfect for that. But it's also good to have something you can print out on paper and refer back to quickly when you just need to check something.
Experienced forex traders will probably skim through the first few chapters of the ebook quickly and go ahead and try the system right away. Beginners should take it step by step and watch all of the videos.
One of the strongest points that I want to bring out in this Forex Trading Made EZ review is that it explains the system in the simplest way on a 'need to know' basis. There is no fluff about the history of forex trading or the relative merits of different currency pairs. It explains what you need to know to start making money with the system and that's all.
At the same time, there is a link in the introductory section to another ebook that you can download for free that will explain the theory in greater detail for those who want it.
Weaknesses
If there is one weakness it may be that complete beginners will be tempted to rush through the ebook without watching the videos. Some people who do this may be scared off by looking at the charts and techniques in later chapters which could seem complicated if they did not take time to understand what was going on in the earlier steps.
The bottom line is that to be successful with forex trading you do need to be happy looking at charts and figures and dealing with money. If the sight of a candlestick chart makes you run for the hills, you probably should not venture into the live markets at all.
On the other hand, if the first time you see a candlestick chart you are eager to find out what it means and discover patterns in the blocks of color, you could be well suited to forex trading even if you are a complete beginner right now. You will enjoy getting to grips with the system laid out in Forex Made EZ.
Just be sure to go right back to the start, watch each video as you come to it and try out every tactic step by step. George Smith is not a big fan of demo accounts but if you are just starting out with forex trading I believe you should use a demo account for this system in the very beginning just so you understand exactly how each technique works. This saves you losing money just because you misunderstood something or applied one idea the wrong way around.
Support
To receive support you must opt in to the updates notification list when you are ordering the system. Then you will have the possibility of contacting George Smith personally if you need any help or clarification.
You will receive updates with new ideas, explanations and even links to new videos from time to time. So definitely don't miss your chance to sign up for the updates list when you get Forex Trading Made EZ.
George seems to be a friendly guy who will help you out if he can. Keep in mind though that you are not dealing with a huge company here. He is just one successful trader with limited time who is not going to be online 24/7. Allow a few days to hear back from him.
The Bottom Line
Gives you one clear system in double delivery through ebook and videos. Great for beginners who are wondering where to start among all the conflicting ideas about forex on the internet. More experienced traders can pick up new ideas.
Forex Trading Made EZ review verdict: 5 stars.
Get it here: Forex Trading Made EZ
Subscribe to:
Posts (Atom)

